Switzerland Let the Peg Go … Travels – Out Monday

At 3 am Dallas time yesterday, Switzerland did something they promised just two days prior they would not do …. Unpeg their currency. Immediately their currency gained almost 20%. This has already put several foreign currency firms out of business.

Mario Draghi, European Central Bank Chief is now expected to start his own Quantitative Easing (forcing money into the system to spur growth.)

Next week, 22cnd all eyes will be on his actions… should be very interesting.

I am on the road, out-of-state. Monday the office will be closed as well as banks and capital markets in honor of MLK day!

Important Disclaimer

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, please consult your financial advisor prior to investing!

Background

The is the vocal portion of J.K. Financial, Inc. a Dallas Texas Based Fee Only Total Wealth Financial Planning Firm. Founded by John Kvale, a Dallas Texas Fee only Financial Planner and Total Wealth Manager.

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